UMeWorld (OTCMKTS:UMEWF) Stock Price Up 18.9% – Here’s Why

UMeWorld Limited (OTCMKTS:UMEWFGet Free Report) traded up 18.9% during trading on Tuesday . The company traded as high as $0.44 and last traded at $0.44. 3,800 shares changed hands during trading, an increase of 61% from the average session volume of 2,367 shares. The stock had previously closed at $0.37.

UMeWorld Price Performance

The firm’s fifty day moving average price is $0.42 and its 200 day moving average price is $0.39.

UMeWorld Company Profile

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UMeWorld Limited, an integrated edible oil company, engages in the production of diacylglycerol) oil, palm oil, and oil palm derivative products. The company was formerly known as AlphaRx, Inc and changed its name to UMeWorld Limited in March 2013. UMeWorld Limited was incorporated in 1997 and is based in Miami, Florida.

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